IMF expresses satisfaction over Pakistan’s economic performance in first quarter review

11:20 AM | 25 Dec, 2019
IMF expresses satisfaction over Pakistan’s economic performance in first quarter review
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ISLAMABAD - International Monetary Fund’s (IMF) Resident Representative for Pakistan, Teresa Daban Sanchez has expressed satisfaction on the overall macro-economic performance of the government in the first-quarter review.

She expressed these views during a conversation with relevant stakeholders on the first quarterly review of 39-month arrangement made under the Extended Fund Facility for Pakistan, in Islamabad.

The IMF Resident Representative said revenue collections have increased substantially, with improvement in the trade deficit and net foreign assets.

She said there was a successful transition towards a market-based exchange rate regime by the government which helps increase foreign exchange reserves.

Teresa praised the government for successfully controlling expenditures with the help of new public finance management law.